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their fair share too as we work towards deficit reduction. so our senate budget locks in tax cuts for the middle class while closing loopholes and cutting wasteful spending in the tax code. and our budget uses that new revenue from the wealthiest americans and big corporations for deficit reduction and for investments that support our economy and strengthen our middle class. now the house republican budget, which we'll vote on tonight, does the opposite. according to the tax policy center, the tax plan in the house republican budget would cost nearly $5.7 trillion in lost federal revenue. and the majority of that lost revenue will benefit the wealthiest americans. and just like past house republican budgets, it's once again pretty unclear how this budget would pay for all those tax cuts that are skewed toward the wealthiest. but the reality, mr. president, is that to achieve the goals that are laid out in their budget, house republicans will either have to add to the deficit, meaning their budget might not actually balance as they claim, or they're going to have to raise taxes on
loopholes and cutting wasteful spending in the tax code that benefits the wealthiest americans and biggest corporations. in addition to replacing sequestration with deficit reduction that is far more responsible, our budget follows the advice of experts and economists across the political spectrum who say it makes sense to invest in job creation in the short term while putting ourselves on a strong path to responsible and sustainable deficit and deficit reduction over the immediate -- immediate and long term. we believe that in order to truly tackle our economic and fiscal challenges in the real world and not just make them disappear on paper, we need a strong foundation for growth built from the middle out. so this budget invests in a $100 billion economic recovery protection plan to put workers back on the job, repairing our nations highest priority, deteriorating infrastructure and fixing our crumbling schools and installing critical educational technology like broadband that our students need to succeed. this plan creates an infrastructure bank to leverage public funds with private inv
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
on a new tax release coming in the years for the creative industries like high end television and animation with new support for our world class visual effect. to help small firms increase. spend through the small business research initiative. we will fund the proposal po make growth available to small firms seeking advice on how to expand. and putting new control on what regulators can charge by giving a new requirement to have a -- growth perspective of employers. mr. deputy speaker, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for the industry and others f
to end medicare as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loop
frantically looking to rejigger the tax. i stress, not eliminating the tax. maybe focus on the rich. take 20% of their dough. hard to say. this much is not. it is going to happen. because the government needs the dough. if they still want to get european union dough. it gets weird and complicated. desperate to stay in the euro club. does this ring a bell? it should. no one is taxing the bank holdings, thanks to obamacare, they are going after the other assets. 3.7% on investment sales larger than 100,000 grand. the next time you try to sell your house, trust me. you will hit the roof. think about that. tax not on your income, earned or unearned but your assets. what you have, what you own. your tangible assets. home here, bank account there. is there difference? no. no difference between american government taxing you for medical devices and what it deems as a medical insurance plan. taxing you not on what you make but what you have. the stuff you attain through life of work no, matter when you work or how much you made when you work. stuff you got now. to government, it sees that y
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
. the breakdown below $100,000 euros will be taxed at 6.57%. above that, taxed at 9-point #%. above 500,000 euros, taxed at 15%. the wholesale robbery has caused the citizen to rush to get the money out. the response, the banks close. how can a government assume it can get away with this? because they assume they can get away with it. they can own guns but it's a bear to get them. the government wonders of the populist, what are they going to do? shoot us? in america, yes, we will shoot you. gun control advocates have fun order to believe they protect us from the government tyranny. what if the government here tried to take over your bank account? war. it would be on. cyprus proved that joe biden's notion all you need is a shotgun is deeply flawed. sadly, though, the steal from the rich mentality is alive and well in america. remember occupy wall street? how different is the solution from the ret take demands your wealth is spread around? the defense against the toxic ideology isn't only reason but almost with a rifle. so it will never happen here. you have the good sense of the founding fathers
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
for 1 trillion in tax increases over the next decade. elizabeth plan will break it down at the bottom of the hour. president obama wrapping up four day tour in the middle east. before leaving israel the president managed to broker a an apology from netanyahu to the british prime minister over commando raid turkish ship that killed 8. he admitted mistakes were made in 2010 as forces were nato embargo. >> can i tell you about this meteor? >> i love that i was up up all night tracking this. this was the meteor they were talking about if you live along the east coast. it's all anybody is talking about. video of reportedly a meteor over a home in maryland from north carolina all the way up to maine. hundreds of people reported official across the sky. claims to captured the security video too. nasa experts says the space rock was probably the size of a softball or volleyball. they are not sure what size ball it was. perhaps a basketball. it burned up in the atmosphere though. >> alisyn: thank goodness. thank you for monitoring that. please call me immediately if you see it heading towards
spent it all. >> jesse: only 30 million. >> clayton: and now talk about what the taxes look on all of this. can i play the opposite side. you win million, 25% of that lump tum gone to the federal government and 84 information gone to, 0 gone to the federal governme government. >> alisyn: and then new jersey has a high state tax as you can see, 10.8%, so 36 1/2 million will go to new jersey, i know you're thinking, can i move today to texas? and i know you shall the winner are listening and kudos for your ingenuity. yes, you might be able to move to a state with no state tax, but new jersey might still take it. >> jesse: and if chris christie has its way, going to get more of your dough because i think the 7.8 to 9.8, good luck. >> clayton: hallelujah. still taking home 216 million dollars. that's what he would get it end. >> jesse: what would you do with that kind of dough. >> alisyn: let's talk about that. >> clayton: i don't know. >> jesse: would you buy me a boat. >> clayton: i would buy you a boat first. i don't know helping starving children i would help jesse get a boat. >> j
. we don't believe that we ought to be raising taxes on middle income americans, which is exactly what the ryan budget will do. if you are going to sort the voucherize medicare, and then say to them with this voucher, you shop around, but then i've got to make up the difference with the insurance, then that's raising taxes on people who are on medicare. at the same time, you cutting taxes to people in the upper income categories. then we want a block grant, medicaid. that means that there are seniors who will find themselves being shopped around from state to state to find which nursing home will be able to take them. that is the kind of stuff that we ought not have. we ought to have a national medicaid program, a national medicare program, and it should be a guarantee. it should not be a voucher to shop around to insurance companies. >>> but congressman, there's going to have to be compromise before anything gets done. from the president's vision, if there is to be another grand bargain, it would require changes on entitlements. are you and the other members of the democratic caucus w
the deficit long term. the democrat budget, of course, talks about a big tax hike over ten years of about $1 trillion. republicans say they're not going to do that. they want to roll back obama care. these are the two outside extreme positions. that's where we're at now. going forward can they come together and find some middle ground? >> weigh in on that, lauren. is there really a chance for reconciling these two extreme budgets? >> i think david kind of nailed it here. when it comes to the budgets, they're just a little bit too far, but this budget process isn't a waste of time. i think it's promising that they went through regular order. this is something that the senate hasn't done. they haven't passed a budget this a long time. i think what we'll see is this may open the door to pass some appropriations bilts for 2014 and this could put us on the road for a long-term deficit reduction deal. these are just opening gothss here. >> david, as i look at your article, it focuses on immigration reform and how it's making its way through the senate. where do things stand right now? >> alex, the
and start reporting new revenue, not higher taxes but closing those tax loopholes to raise new revenue, but john boehner once again says don't talk to me about raising taxes. all nothing funner than watching republicans eat each other alive. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. >> if you believe in state's rights but still support the drug war you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. you know who is coming on to
challenge of organizing a taxed and regulated market in way that is plekt public health and public safety. >> why did boe tech win? >> they were the highest individual scores in each of the four categories. >> some have called the position the state's drug czar. >> i don't believe that's our official title. >> the competition for the contract was fierce. >> we ended up getting a ton of responses, actually 112 submissions received by the agency, and 95 of those were actual proposals. out of that we had 43 proposals deemed non-responsive. >> wonder why. the pot head consultant bo tech's ceo mark kleinman is already controversial among activists because he expressed concern about state legalization efforts conflicting with federal law. >> we have no idea what the federal government is going to do. if they step in with an injunction, we won't implement based on the dates in 502, but i don't see that will stop us in putting together the framework. >> financial terms of the deal still are being negotiated, but it is budgeted at $100,000 a year. there was one final question for the weed wardens
-partisan and bipartisan. someone who is non-partisan says higher taxes no taxes, no big deal. amnesty, deportation, whatever. but i think it's not about people abandoning their principles but finding common ground with people, even if they can't agree on everything, finding some things on which to agree. >> i was just a house member. >> president clickman. >> if anybody else would like a promotionless us know. we have another half an hour. >> members of congress as congressman talks about get elected to represent a district. we could have a long conversation about redistricting and about how in most states in this country if you are elected in a seat that is overwhelmingly a democrat or republican you are never going to lose that seat unless you compromise with somebody on the other side. but two people get elected by everybody in the united states. it seems to be i know this is something you've thought about given your time in the president. a president of the united states has a unique role to reach out to both sides in congress. without getting into a current events debate, i think we can agree
in our currency. as part of the deal, this is the key. the local government raising taxes and puttings levies on some bank deposits. greg palkot is live outside parliament in the capitol of cyprus with more. greg? >> reporter: hey, jenna, the folks in cyprus right now are breathing a sigh of relief. they have avoided going under but at a cost. the deal struck with the european union was a tough one. probably why we saw protests here every day we've been here. one big bank will be shut down of the that will cost jobs. money from accounts of big uninsured depositers will be seized to the tune of 30% or more. small depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, be
investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com >>> good morning, atlanta. doesn't look like it yet, though. see a live shot of downtown atlanta there. very soggy downtown. heavy thunder and lightning overnight. and take a look at the radar. that's why. heavy storms move in across the southeast today. everybody kind of hunkered down there. not only trying to get you ready for the day ahead with weather but let's talk about the week ahead from outer space to cool new cars. time to get you ready. let's talk about tuesday first of all. dragon capsules splash down in the pacific ocean. filled with t
the $600,000 in estate taxes she had to pay when her partner died. that's what we are talking about. that's the kind of equality. regardless of what the court decides, edith and dhea are still going to love each other and still going to be a couple. >> the thing is thatied itds and thea don't want to separate but equal treatment under the law when it comes to civil universityions or marriage. that's what this whole thing about. >> it is not separate and equal. that's the whole conversation. it is not. more than 1,000 laws that are separating, you know, same-sex couples and heterosexual couples that are in the same comparable relationship. more than 1,000 laws. essentially i pay more taxes for no other reason than sexual orientation. no other reason than how i was born. not separate but equal. separate and unequal. >> i want to play this because i know that you want to address this. we had an e-mail exchange. i did get it in the show just for you. ralph reid making controversial remarks on today's "meet the press." >> what i said was the verdict of social science is overwhelming and irrefu
, which is to tax depositors below 100,000 euros. exactly one week later, that idea is completely dead. it's not going to happen. however, if you have uninsured deposits, over 100,000 euros in either one of the two banks that are going to be restructured, you are going to suffer severe losses, anywhere between 30% and 70% depending on which bank. equity goes to zero. junior bondholders to zee he row. senior bondholders for the most part to zero depends on the bank. what's the impact for investors? if you are an investor in european banks, you are on notice. every single bailout that has happened, your protection has diminished step by step by step. this is by design. it is europe's stated goal that by 2018 bailouts will not be a burden of the taxpayer. they will be born by the private sector and the investors in the questionable institutions. these banks will likely see interest rates rise as a result of this, maybe the countries that they're in. the question is, is this going to cause broader risk or force discipline and responsibility or both? >> additionally, european decision making on
. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> this morning my question. what are 30,000 students in chicago supposed to do now? plus, obama care three years later. and the secretly recorded nypd stop and frisk bombshell. but first, this is not a test. we are experiencing a serious uterus emergency. ♪ good morning. i'm melissa harris-perry. ladies, it is time to gird your loins again. remember that hibt that we dropped to the national republican lawmakers on election day, the one that responded to their attempts to man handle our uterus by a resounding defeat. it seems the friends at the state house level have missed the memo. while congressional republicans finally managed to make nice tw the ladies by passing the violence against wo
, estate tax laws, i mean through the up, down and around, so many laws will be affected by this. 1,000 provisions will be affected by this. it's landmark legislation. it will be a landmark decision by this court. >> is that how you see it as well? it may cost the workplace or insurance companies or is it about religion? about core believes in that respect that is at the center piece of this argument. >> some argue that. some say this is a religious issue. as far as the federal courts have been concerned, they have looked strictly at the equal protection clause and looked at government action and whether or not it restricts personal freedom. that's the issue. there are friends of the court for religious organizations saying uphold the law, uphold the law. indeed there will be supporters of that. but at the end of the day, the court has to resolve whether or not personal freedoms are aff t affected by restricting 1,000 federal programs and laws that will be affected with the outcome if it's held unconstitutional. >> let's move on to proposition eight. it was passed by california vot
bite. with those higher taxes on the rich, we reveal what the winner will have to leave on the table. >>> and shark tank. tonight, we now hear from the team on that boat. the newlywed who thought he was protected in that cage when the shark breaks right in. >> whoa. >>> good evening. and thanks for joining us here on this sunday night. we begin with that fierce storm this evening. more than half of the country in its path before it's over. this video just in tonight from orlando, florida. look and listen to this. extreme winds blowing right through those front doors at a lowe's store. blowing shopping carts like they're toys. you can see the heavy rains outside. and in the west tonight, the storm dropping more than a foot of snow in parts of colorado and moving on to kansas city. as you see in these pictures, blanketing the city with eight inches of snow. drivers across several states getting stuck and the plows battling to keep up. look at the map this evening. 15 states under winter watches and warnings as we come on the air. ginger zee with the forecast for the monday morning comm
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. squa championship game rapped up. winning the acc for the first time this school history, but still wasn't enough to earn them a one seed in the big dance. miami is a two seed in the east region. louisville number one overall. the other one seeds are kansas, indiana and gonzaga. last year's number one overall seed, kentucky, they failed to make the tournament this year. st. louis wrapped up the atlantic 10 title yesterday taking care of bcu. after the game they tried to get right to the airport so they could watch the selection show, but they got stuck in traffic in new jersey, so the entire team stopped off at a local best buy and set up their own watch party. shoppers joined them as they learned they would be the four
does george h. bush say? >> read my lips: no new taxes. >>anna: adorable. this pint-sized impersonator taking the internet by storm. >>brian: more people than ever are relying on food stamps. is our government getting the blame or the credit? the blame or the credit? a closer look next. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. with annoying aches and pains and more time asleep. gotta get that bacon! bacon?! bacooon! smokey bacon, meaty bacon, tasty bacon! bacon? ohh la laa. i say, is that bacon? oh! good heavens! bacon! bacon! who wants a beggin' strip?? me! i'd get it myself but i don't have thumbs!! mmm mmm mmm mmm mmmm it's beggin! mmm i love you... (announcer) beggin' strips...made with real bacon. there's no time like beggin' t
. the senate bill calls for deficit reduction through increasing taxes and spending cuts and, of course, the house bill calls for steep cuts in balancing the budget within ten years. of course, some revisions to medicare as well. a lot of differences and we have another deadline coming up. the debt ceiling will have to be revisited this summer, alex. >> looking forward to that. >> reporter: yeah, we all are. >> thank you very much, kristen welker. >>> joining me right now, andy sullivan and ann palmer. ann, i'll begin with you. the president is back from the middle east. the reviews are out there. how are you getting the word in terms of how he was perceived? >> i think one of the key things you can look at is what the israeli press put out in the days following his first steps and throughout the entire visit and it was a resounding applause. he got very good praise from them. obviously from what he was trying to do was take that frosty relationship with benjamin netanyahu and try to piece it back together. he did that. it was exactly what he needed to do. there wasn't a lot of meat on
. the senate to pass a budget. they have forced spending cuts. they are not moving on tax increases and the president has become forced to try to deal with republicans now soe they can come to some consensus how to move forward. that is why you see republicans moving up. they are showing leadership while the president was showing a permanent campaign basis. >> heather: i want to talk about the likeability factor of president obama. he is on this charm offensive. do you think that perhaps he is seeing the numbers that have been recently released the pew research center talking about his overall likeability. 47% of americans say they approve of president obama that is down four points from last month and 8 points since last december. i know you said, julie, that is not abnormal, that does happen during a second term. they go up and all of a sudden they go down but president obama's numbers have dropped more steeply than his predecessor. what do you make of that? >> look, people are fed up with what is going on in washington. when they voted, they said, look we'll resolve a lot of thin
issue is whether loving and committed same sex couples who served their country to ho pay taxes. some of whom are raising families, whether they should be able to take part in the fundamentally american freedom to marry. by the way those we talked to out there in the snow exclude included the first same sex couple in california to marry when it was temporarily legal. >> shepard: how do people plan to situate justices. >> in the california case of course they are going to argue the courts should not overturn a majority something california voters said they wanted a ban on gay marriage in their state. when it comes to the federal law, they also believe the justices are not ready to completely redefine something that has been at the foundation of society. here is brian brown, president of national organization for marriage. >> i don't think the justices, the majority of the justices are going to want to launch another culture war and are going to respect the right of voters to decide their future to decide something as simple as that it takes a man and woman to make a marriage. >> and th
with this data. this research is all funded by the national research of health, your tax dollars. thank you for your attention. i will turn over to our moderator. thank you. [applause] >> actually, i would like to, i'm going to ask a few questions, but i was hoping we could get a debate going here rather than with me trying to ask intelligent questions and just have the very smart people just talking amongst themselves to educate us. so one of the questions that we're wanting to talk about today was the idea of free will in terms of the criminal justice system. and i would like to ask each of you, is there a definition of free will in the context of your individual work? we'll start with you, doctor. >> i would punt that one right over to david who is the expert in free will, and then we actually spent all last night debating this. david can start. >> ok. >> do you consciously choose to do that? [laughter] >> i think that free will is a mainly unhelpful concept and i think that you have to ask the question from the legal system and from the science perspective as to what free will might mea
-of-war. the sweet tax deal that could be designed to lure a jimmy fallen-hosted "tonight show" to new york city. welcome back to early start. nice to have you with us this morning, i'm zoraida sambolin. >> good morning, i'm christine romans. it's about 30 minutes past the hour. breaking news this morning. a shooting at the military bailes at quantico, leaving three people dead. it's believed they are all marines. the base was on lockdown earlier this morning. the gunman barricading himself inside the building where he apparently killed himself. >> ask for everyone's prayers and thoughts for the families who are affected by this tragedy and we ask also that you give us time so we can sort out the details and get you guys the accurate information that you want. >> hmm. wow. more details coming up in a live report from quantico. >>> and in other news today, developing story out of texas may help solve the murder of tom clements. colorado police in texas this morning, at the scene of a police shoot-out that left the suspect dead. the dead man may have been the subject of a massive manhunt for the c
trillion in new taxes over the next ten years. with significantly less spending cuts than the house plan. the budget vote fell along party lines. not a single republican voted in favor. and four democrats facing re-election voted against it. this budget isn't binding, just a blueprint. so now the senate will have to work with the house and the president to reach common ground. until a budget is reached, the automatic spending cuts leaving federal government employees furloughed and closing air traffic control towers will keep on going. david? >> while we're talking about the budget, reena, i want to ask you a lot of viewers have been tweeting about, joe biden, the vice president, of course in the other number, he rang up this past week. >> reporter: that's right. $1 million for two nights in london and paris hotel for him and his security and staff. the state department secured the hotel contract and they said it's pretty much on par with what they pay for a high-level international trip. i'm guessing the holiday inn wasn't an option. >> reena, thank you. >>> tomorrow morning, on abc's "
side their priority is to raise taxes by $1 trillion. ask the americans to give the government a trillion dollar more without balancing the budget. i don't know if they'll get together on that point. it's really stark ideological difference. >> president obama came under attack this week for filling out his ncaa brackets. some said he should have been working on his budget instead. here's his final four if you're curious. louisville, indiana, florida, ohio state. he has indiana winning it all. i know you have duke winning it all. i picked iowa state over the fighting irish yesterday so it helped my bracket. back to the subject. is it a fair criticism of the president if he should be writing a budget and not filling out brackets? >> no. again, that is ridiculous, christine, in terms of using this as a talking point. we know what president obama's priorities are in the budget. he's been talking about it nonstop for his first term and nonstop during this campaign. and by the way, the majority of americans, the american public, agree with his priorities on the budget. it's one of t
lenders to place a 20% tax over any account above $100,000 euros. now there have been mass protests. the european union says the east mediterranean island must raise $7.5 million u.s. dollars on its own before it can receive a $13 bailout. >>> south korea are accusing north korea of training malware cyber warriors. no connection to north korea has been found. investigators say there have been six cyber attacks coming from the country since 2009. they also say north korea is pouring money into science and technology. >>> the city of san jose is expected to approve a $7 million incentive for samsung to improve its company. it would replace existing offices with a more modern facility. right now the building offers 200,000 square feet of space but the company wants to expand it to 680,000 by building two ten story towers which would employ at least 10,000 people. >>> lowe's is being accused of december crimination. the chronicle is now reporting that six current and former employees have filed a lawsuit in superior court. they say lowe's hired minority employees to comply with an agree
a tax. it's a smash and grab. the government runs the banks, so when they're failing and need money, they could keep the deposits that the citizens have inside their accounts. cyprus needs to come up with 7 1/2 billion dollars on its on in order to get the european unions to loan it the rest of the money to keep the country running. it's like matching funds in a highway and in belgium holding last minute talks with european leaders. they better talk quickly because the european bank has been giving emergency cash to cyprus to keep the banks there afloat. that cash stops tomorrow if there's no deal in the works. some pictures now from earlier. citizens filling the streets in panics and their businesses hurting from no cash flow and the atm's shut down. and they're worried the government will take their money. greg palkot is in cyprus and brenda buttner in the studio. let's go to graeg. what's the latest for cyprus. >> reporter: harris, it looks like it's going to be an all-nighter. and people are looking nervously on. the president of cyprus and his dad are meeting with european uni
$9,000 taken out if they're indeed taxed at 6.75%. unlike greece they're not going to be seeing things like wages and pensions cut. so if this does happen in cyprus, it's going to be sort of quick and painful one-time event instead of a more prolonged agony, suzanne. >> are u.s. investors concerned about the possibility of a ripple effect? is that basically the idea? because cyprus is so small they could see this in many other places? >> exactly. that's what they're concerned about right now. europe is one of our biggest trading partners. if cyprus's situation starts to effect other european countries, that could easily ripple over to the u.s. and effect a stock rally that so many of us have profited from in our mutual funds, retirement plans and so on. one analyst says markets are calm for now but things could get bad quickly if this combines with any future crisis in the eurozone. we'll see what happens with the vote tomorrow. stocks seem to be mostly holding their own here. we're not seeing too much panic, suzanne. >> okay. that's good. zain, thank you. appreciate it. so the
to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. looking for a litter with natural ingredients that helps neutralize odors. discover tidy cats pure nature. uniquely formulated with cedar, pine, and corn. dad: you excited for youyeah.st day? ♪ dad: you'll be fine, ok? girl: ok. dad: you look so pretty. ♪ i'm overprotective. that's why i got a subaru. love. it's what makes a subaru, a subaru. >>> right now president obama is preparing for his first trip to israel as president and the first trip since the arab spring. the first leg of this four-day trip begins in just hours. air force one will depart from joint base andrews, headed to tel aviv, israel. president obama will meet israeli president shimon peres and benjamin netanyahu. then in jerusalem, president
union bailout plan included a tax on citizens bank savings and parly minute rejected that idea. banks in cypress remain close,ed a least through tomorrow. >>> investors are waiting to hear what ben bernanke says at 11:00 this morning. that's when he will announce what was decided at the policy meeting. most think he will not have any changes to talk about. he thinks the bond-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the c
exclusive this morning on a proposal to spend 10s of millionoffs your tax dollars to up grade the military prison at guantanamo bay, cuba. here's michael isikoff. >> guantanamo, the prison that president obama once vowed to shut down, is still up and running and the new general in charge wants another $150 million to overhaul the fucya y facility. all this while detainees are engaged in a hunger strike. 166 detainees remain at gitmo at a cost of $100 million each. despite improvements in recent years including a new soccer field, the top general acknowledges the detainees' hopes of getting releases were crushed when president obama stopped talking about closing it. >> nothing in the inauguration speech about closing in, nothing in the state of union. he's not restaffing the office that was focused on closing or transferring. >> kelly described the hunger strike now involving 25 detainees as an attempt to regain attention. white house officials say they're still committed to closing gitmo as the president once promised. >> guantanamo will be closed no later than one year from now. >> but t
and european union bailout plan included a tax on citizens bank savings and parly minute rejected that idea. banks in cypress remain close,ed a least through tomorrow. >>> investors are waiting to hear what ben bernanke says at 11:00 this morning. that's when he will announce what was decided at the policy meeting. most think he will not have any changes to talk about. he thinks the bond-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency sa
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> i'm christine romans. wall street optimistic about today's federal reserve decision. that's pushing up stock futures. investors hoping to hear the fed reiterate that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll
in excess of what we are bringing in in terms of dedicated revenue to the payroll tax. the unfunded liability of social security is $20.5 trillion. for medicare the unfunded liability is $42.8 trillion. these programs must be reformed so they are saved for future generations. again, i would hope everybody would support -- the presiding officer: the senator's time has expired. mr. johnson: -- any budget that does not have 57 year solvency. the presiding officer: the senator from washington. mrs. murray: social security and medicaid played a critical role in providing a foundation of financial security and health care for hundreds of millions of americans over the decades. democrats are committed to preserving and protecting them. when analyzing the solvency of these programs, it must be over more than just a ten-year budget window. we measure them over a 75-year window. this amendment, however, does nothing to protect the integrity of the medicare and social security trust funds tanned does not do anything to improve the solvency of them. we should have a debate about the solvency of
. my staff has worked with me to draft the original tax credit for businesses that hire veterans, and i'm honored to see that has been adopted by this congress and the president. we have spearheaded efforts to improve mental health screenings for all branches of the military based on montana's strong model for catching the warning signs of ptsd. we started that in montana. it is now incorporated as national defense policy. in the last ten years, our nation has also been fighting terrorists in afghanistan. as we reflect on the costs of the war in iraq, we know that now is the time for afghans to take responsibility for their own country. in 2013, $97 billion will go to the war in afghanistan alone. do you know the money that's being spent in both iraq and afghanistan is enough to double the number of public elementary schools in the united states and rebuild the american interstate highway system five times over. dollars spent daily in afghanistan need to be spent on nation building here at home. i am proud that we are closer than ever to bringing all our troops home. it is not enough to
with that picture. we're going to create dependency and then we're going to indirectly tax the people of wyoming so that one of the great areas of commerce and the visitors that come to wyoming to see yellowstone park, they're going to pay for that with their own posttax money. that can't fit with a vision of america that almost everybody else in this country believes in. it doesn't fit. other national parks have reported camp grounds that are going to be closing, reduced maintenance. so we're going to take this $6 million and we're going to use it to help open up these parks and allow the park service to have the parks open on time. instead of creating dependency in a program -- and the original authorization shouldn't be getting any money, shouldn't have been getting money for the last ten years -- going to take that money and do something for the american people. the next amendment is amendment number 65 as modified. and this is one that really gets my goat. the national science foundation funds lots of great scientific endeavors in this country. as a matter of fact, they have about four times a
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